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This 1,138-square-foot vacant storefront in Houston, Texas, presents a prime investment opportunity. Located in the Near Northeast Submarket, this Class C, stand-alone building enjoys excellent visibility and accessibility from major freeways (610, I-10, and I-69), ensuring high traffic flow. The property is ideally suited for various uses, including retail, office, medical, or pharmacy, and is particularly well-suited for a daycare center, potentially qualifying for community assistance programs. The asking price is $290,000, representing a price per square foot of $254.83. The property's pro-forma NOI is $21,622, yielding a 7.46% cap rate. This location offers significant advantages beyond its immediate appeal. Situated within an Opportunity Zone, this property provides investors with potential tax benefits, including temporary deferral of capital gains, a step-up in basis (up to 15% exclusion with a 10-year hold), and permanent exclusion of capital gains after a 10-year holding period. These Opportunity Zone benefits, coupled with the property's strong location and versatile space, make this a compelling investment for both owner-users and investors seeking a high-return opportunity in a thriving Houston neighborhood. The address is 4611 Kelley St, Houston, TX 77026, in Harris County. The property is currently vacant and ready for immediate occupancy.
Highlights
1,138 SF vacant storefront for sale in Houston, TX for $290,000.
Located in the Near Northeast Submarket with easy access to major freeways (610, I-10, I-69).
Suitable for various uses including daycare, convenience store, pharmacy, liquor store, and smoke shop.
Offers a 7.46% pro-forma cap rate and $21,622 pro-forma NOI.
Located in an Opportunity Zone, providing potential tax advantages for investors.
Property Details
for 4611 Kelley St
Property type
Other retail properties, Individual retail properties
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Contacts
Tony Preston
Shams Siddiqui
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4611 Kelley St, Houston, Texas, 77026
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.